Common use of Second Day Availability Clause in Contracts

Second Day Availability. The following check deposits will be available on the second business day following the banking day of deposit: • The amount over $200.00 of the aggregate deposit of U.S. Postal Service money orders, checks drawn on Federal Reserve Banks or Federal Home Loan Banks, checks drawn on state and local government, cashier's checks or certified checks that do not meet all conditions for next-day availability will be available on the second business day after the banking day of deposit. • The amount over $200.00 of the aggregate deposit of all other types of checks that are not eligible for next- day availability